credit sale agreement
under a credit sale agreement you buy the goods at the cash price. you’re the legal owner of the goods as soon as the contract is made and the goods can’t be returned if you change your mind. the supplier can’t repossess the goods if you fall behind with repayments but they can take court action to recover the money owed if you’re in arrears. as long as you keep to the payments you won’t be charged interest. the overall price of the item might be higher to make up for the interest-free element.